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Ch 18: Financial Reporting

About This Chapter

Watch the entertaining video lessons in this chapter to get a quality understanding of financial reporting. Use short lesson quizzes and a practice exam to assess and reinforce your knowledge as you study for an upcoming test or complete an assignment covering this subject.

Financial Reporting - Chapter Summary

This chapter's informative lessons take an in-depth look at income statements, balance sheets and other aspects of financial reporting. Our expert instructors explain why financial reporting is important in business and accounting. Access the lessons as entertaining videos or written transcripts on any computer, smartphone or tablet. With each lesson is a short quiz designed to assess your comprehension of financial reporting. Take advantage of these and other chapter resources to enhance your ability to:

  • Identify the primary components and purpose of financial reporting
  • Discuss the importance of financial statements
  • Explain how financial statement ratios help companies gauge their performance
  • Discuss the purpose and components of the income statement
  • Share the definition and purpose of the balance sheet
  • Calculate cash flow
  • Describe the format and purpose of the statement of cash flows

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